Provincial Deed Transfer Tax

/ Highlander Law Group/

As you may have heard, there is now an additional Provincial Deed Transfer Tax payable by home buyers who are not residents of Nova Scotia.

The tax is 5% of the purchase price or the assessed value of the property, whichever is greater. This is applicable to all non-resident purchases, and gifts of property - Payable at the time of closing.

There are some limited exceptions such as:

  • - Non-resident moving into the property within 6 months of the closing date.

  • - Transfers between spouses.

  • - Property inherited under a valid will.

  • - Rental properties with more than 3 units.

  • - 50% or more of the owners of the property are residents of Nova Scotia.

  • - Buyer is a registered charity.

  • - It is a commercial or resource property.

If you are claiming the 6 month residency exemption you must submit a form confirming your residency when you move here - if you do not you will be liable to pay the tax, as well as interest on the payment.

More detailed information can be found here:

https://novascotia.ca/finance/en/home/taxation/tax101/non-resident-deed-transfer-tax.html#:~:text=The%20PDTT%20is%20a%205,property%20(whichever%20is%20greater).


By: Briana C. O’Grady J.D

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